N.Y. FX Outlook
N.Y. FX Outlook: The dollar firmed up into the N.Y. open, with EUR-USD falling under 1.1810 on mixed reports that the ECB may cut QE purchases levels, while extending the duration of the program. USD-JPY recovered the 112 handle after finding support into its 200-day moving average of 111.82. The U.S. calendar is headlined by September CPI. Analysts look for a 0.6% overall rise, versus the previous 0.4% bump. The ex-food and energy index should rose 0.2% versus the same in August. Much of the strength should come from hurricane effects, so larger than expected gains may be taken in stride. September retail sales should increase 1.5% overall, from -0.2%, and ex-autos, rise 0.8% versus 0.2%. August business inventories are seen climbing 0.7% from 0.2% previously, while the preliminary October University of Michigan consumer sentiment index is penciled in at 96.0 from 95.1.